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Author Question: Continued tariff protection for industries that have already attained all the possible economies of ... (Read 97 times)

rissygurl1124

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on: Oct 12, 2022

Question 1

Suppose Canada entered into a free-trade arrangement with China and, as a result, Canadian imports from India were replaced with imports from China. This would be an example of
◦ trade expansion.
◦ trade diversion.
◦ dumping.
◦ trade creation.
◦ countervailing trade.

Question 2

Continued tariff protection for industries that have already attained all the possible economies of scale will likely
◦ maintain high prices to consumers of the products produced in the protected industries.
◦ redistribute income away from the factors used in the protected industries.
◦ reduce the stream of tariff revenue to the government.
◦ reduce employment in the protected industries.
◦ result in lower domestic prices for the products they produce.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by rissygurl1124 on Oct 12, 2022

jojomac20

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Reply #1 on: Oct 12, 2022
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rissygurl1124

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Reply 2 on: Oct 12, 2022
:D TYSM

bigcheese9

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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